Conseco, Inc. (NYSE: CNO) might have been lower on its secondary offering, but word that esteemed hedge fund and investor Paulson & Co. took a 9.9% stake has shares running higher on the news. The full details from last night are available at 24/7 Wall Street. At 8:36 AM EST we have shares trading up a sharp 21% at $6.05 on over 400,000 shares after a $4.99 close on Tuesday. Average volume here is about 7 million shares and this one traded over 2 million shares last night and went out at $5.79 in the after-hours according to exchange data. Look for this to be very active today as an exponential volume mover.
UPDATE 9:03 AM EST: Shares are up 21% at $6.05 on about 600,000 shares.
JON C. OGG